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Breaking News
The Word: How do you source new business?
by Annie Kane • 17 Jul 2024
Getting new business through the door is a key part of growing a business. This month, we ask…
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Banjo reports 86% rise in loan rejections YoY
by Annie Kane • 17 Jul 2024
Loan activity from small businesses “has gone backwards”, with the number of loan applications falling and...
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Combined auction clearance rate stagnates
by Sebastian Holloman • 17 Jul 2024
Auction volumes and preliminary clearance rates have both fallen compared to the previous week.
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Client loyalty greater if lenders make positive impact: Brokers
by Malavika Santhebennur • 16 Jul 2024
Brokers have predicted that lenders that make a positive environmental, community, and social impact will attract and...
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Athena launches new products via broker channel
by Charlotte Humphrys • 16 Jul 2024
A new product suite from the lender to support a diverse range of borrowers has become available through the...
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NSW and Qld look to recommence interoperability despite ‘pause’
by Annie Kane • 16 Jul 2024
The land registries in Queensland and NSW have committed to continuing the progression of interoperability despite...
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Banks to refund $28m to low-income customers
by Charlotte Humphrys • 15 Jul 2024
Four banks have had to pay up following an investigation by ASIC regarding their conduct towards low-income customers.
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Is the broking industry missing millions in unpaid commissions?
by Annie Kane • 15 Jul 2024
ANALYSIS The complexity and opacity of commission payments are leaving brokers out of pocket, with one broker having...
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FBAA membership growth surges
by Charlotte Humphrys • 15 Jul 2024
The association has recorded its largest annual increase in memberships in recent years.
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ASIC reduces broker levy after questions raised
by Annie Kane • 12 Jul 2024
A reduced minimum levy has been confirmed for credit intermediaries after an industry member flagged inconsistencies...
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Huge scope for brokers to assess their client values: Report
by Malavika Santhebennur • 12 Jul 2024
EXCLUSIVE There is a significant opportunity for brokers to build lasting relationships with clients by gauging their...
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Investor demand at 7-year high: AFG
by Ben Squires • 12 Jul 2024
Nearly a third of mortgages lodged by AFG brokers in Q4 were for investor loans, marking a seven-year high, according...
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3/4 of FHBs saving less than 20% deposit: Helia
by Charlotte Humphrys • 12 Jul 2024
First home buyers have continued to purchase property with broker support even as they struggle to save for a deposit,...
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Hot Property: The biggest property headlines from week 8–12 July
by Reporter • 12 Jul 2024
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 12...
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New leader appointed for asset finance aggregator
by Annie Kane • 11 Jul 2024
AFG has announced the appointment of a general manager for the Fintelligence group of companies.
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Broking industry unpacks the payroll tax case
by Annie Kane • 11 Jul 2024
EXCLUSIVE While the industry continues to challenge payroll tax interpretations, calls are being made to the entire...
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AFG brokers close EOFY with record lodgements
by Charlotte Humphrys • 11 Jul 2024
Total lodgement volumes at the aggregator reached record highs for Q4 of the financial year, as the average loan size...
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Momentum Media Australian AI Awards 2024 launches for the first time
by Malavika Santhebennur • 11 Jul 2024
Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions the...
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Why brokers are turning to private lending
by Charlotte Humphrys • 11 Jul 2024
Private credit has seen a significant boom, according to new research, with brokers revealing why they use private...
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FHBs help brokerage achieve record volumes in FY24
by Charlotte Humphrys • 10 Jul 2024
First home buyers have propelled loan volumes at the franchise brokerage, with brokers revealing that government...
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Financial Services Minister meets industry about clawbacks
by Annie Kane • 9 Jul 2024
The Assistant Treasurer and Financial Services Minister Stephen Jones MP has met with members of the broking industry...
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ANZ-Suncorp merger date set
by Charlotte Humphrys • 9 Jul 2024
Following the proclamation of the updated Metway Merger Act, ANZ has set a date for its acquisition of Suncorp.
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Resimac CEO resigns, interim CEO appointed
by Annie Kane • 9 Jul 2024
Scott McWilliam, the CEO of Resimac, has resigned from the lender after 21 years of service, with an interim CEO now...
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Brokers reveal why investor lending is the new growth market
by Charlotte Humphrys • 9 Jul 2024
With investor lending having grown 30 per cent in a year, brokers have suggested that borrowing capacity constraints...
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4 more aggregators switch on Bendigo loans
by Annie Kane • 9 Jul 2024
Bendigo Bank has joined the lender panel of four aggregation groups, as the group continues its transition away from...
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